Ripple XRP, the XRP Token is amongst the most widely used currencies in cross-border remittance. The asset, despite its widespread popularity has been struggling to gain momentum over the past few years. XRP reached its all-time highest in January 2018. That was over six years ago. The asset didn’t reach new heights during the 2021 bull market, while many other important assets did.
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Why has XRP struggled over the last few years?
Ripple’s SEC lawsuit is most likely to blame for XRP’s poor performance. According to the SEC, Ripple’s fintech firm sold unregistered security.
Ripple’s $125 million penalty, far lower than SEC’s demands of $2 billion, was a milestone for the case. XRP began to rise in price after the ruling was positive. The price level did not last.
When will an asset reach $100?
Analysts at Changelly predict that XRP will reach $100 between 2033-2040. Platform predicts Ripple XRP’s maximum price will be $23.48 by 2033. The asset is expected to reach $413.67 as a high in 2040, according to Changelly researchers.
Telegaon analysts are much more pessimistic about XRP. In 2050 (about 26 years hence), they predict that XRP will reach the $100 threshold. In 2050, the platform predicts XRP to reach a peak price of $105.27.
Also Read: Ripple: How High Can XRP Go If Bitcoin Hits $100,000?
It is possible that XRP will surpass the 100-dollar mark much earlier than originally anticipated. If the SEC chooses to drop the investigation, adoption and prices of XRP could rise sharply.
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Changelly and Telegaon were wrong to predict that XRP would reach the $100 mark much sooner.
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Source: watcher.guru
